Fijian Holdings Limited (FHL) has successfully acquired an additional 23.5 percent equity interest in Port Denarau Marina Limited (PDML) from Skeggs Group Limited, following the completion of all necessary regulatory approvals. This move is part of a conditional sale and purchase agreement that was signed on June 3, 2025.
With this latest acquisition, FHL’s total shareholding in PDML has risen to 51 percent. This strategic investment not only enhances FHL’s stakes but also solidifies its commitment to developing key sectors within Fiji’s economy, particularly in tourism.
Rokoseru Nabalarua, Chair of FHL, expressed that this acquisition reinforces the company’s strategic presence in Denarau, which is a central area for tourism in Fiji. He highlighted that this move is in line with the growing developments in regions such as Malolo and the Yasawa Islands. Nabalarua stated, “It deepens our long-term exposure to the tourism sector, enhances portfolio alignment with our strategic objectives, and reinforces our commitment to delivering sustainable value for our shareholders.”
David Skeggs, Director at Skeggs Group Limited, mentioned that as part of an internal restructuring, the group has chosen to divest its remaining interest in PDML. He expressed confidence that FHL and its associated entities will provide the necessary stability and support for PDML’s further development, which will be advantageous for all stakeholders involved.
As operations continue, the PDML board will maintain its strategic direction and governance. To ensure a smooth transition, a representative from Skeggs Group Limited will remain on the PDML board, ensuring continuity without altering the Independent Directors appointed during the Annual General Meeting.
This acquisition marks a significant step for FHL as it deepens its investment in Fiji’s tourism sector, promising a brighter future for the company and stakeholders alike.
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